Politico-Strategic and Economic importance of Gwadar port,Pakistan
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As a maritime nation, Pakistan has not been able to effectively exploit the sea and its resources. Decades of neglect have hampered the development of the maritime sector, which in turn has hurt both economic growth and the national security of the country while sea trade is the backbone of Pakistan's economy. This research work will argue that development of the maritime sector is important for politico strategic and economic growth of Pakistan. Pakistan is building a port at the south-western city of Gwadar on the mouth of the oil rich Persian Gulf. It provides an economical route for the fl...
As a maritime nation, Pakistan has not been able to effectively exploit the sea and its resources. Decades of neglect have hampered the development of the maritime sector, which in turn has hurt both economic growth and the national security of the country while sea trade is the backbone of Pakistan's economy. This research work will argue that development of the maritime sector is important for politico strategic and economic growth of Pakistan. Pakistan is building a port at the south-western city of Gwadar on the mouth of the oil rich Persian Gulf. It provides an economical route for the flow of Central Asia's natural resources to the world along with easy access to the growing consumer markets of Asia. This research work will conceptualizes the Gwadar facility as a hub port that will contribute significantly to the revival of Pakistan's economy. China mainly funded and completed the first phase of the Gwadar port in 2005. The Pakistan's vision is for Gwadar to be a link between the East and West that will change the national economy as well as the fate of this region. The port project is still in its infancy and its success depends entirely on policies pursued by Pakistan.
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